Disney to buy YouTube network Maker for $500M

By The Associated Press

Posted 9:49PM on Monday 24th March 2014 ( 11 years ago )

LOS ANGELES (AP) - Disney is buying Maker Studios, an operator of YouTube video channels, for $500 million, as consumers watch more videos online.

The purchase gives Disney ownership of 55,000 channels with 380 million subscribers and 5.5 billion views per month.

Disney CEO Bob Iger said in a statement Monday that short-form online video is growing fast. He says the acquisition puts Disney at the center of a dynamic industry.

http://accesswdun.com/article/2014/3/272871